Multiple Choice
In a short-run macroeconomic equilibrium, real GDP exceeds potential GDP. If aggregate demand does not change, then the
A) long-run aggregate supply curve will shift leftward as the money wage rate rises.
B) short-run aggregate supply curve will shift rightward as the money wage rate falls.
C) long-run aggregate supply curve will shift leftward as the money wage rate falls.
D) short-run aggregate supply curve will shift leftward as the money wage rate rises.
Correct Answer:
Verified
Correct Answer:
Verified
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